Published: 2025-06-12T02:06:48.000Z
Chart GBP/USD Update: Poised for retest of 1.3616, 5 Jun YTD high
Technical Analyst
2
Bounce from Tuesday's 1.3455 low return focus to the 1.3600/16 level and 5th June current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3750 | ** | 13 Jan 2022 year high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3455 | * | 10 Jun low | |
| R2 | 1.3645 | * | Feb 2022 high | S3 | 1.3435 | ** | Sep 2024 year high | |
| R1 | 1.3600/16 | ** | congestion, 5 Jun YTD high | S4 | 1.3400 | * | congestion |
Asterisk denotes strength of levelr
01:50 GMT - Bounce from Tuesday's 1.3455 low return focus to the 1.3600/16 level and 5th June current year high. Bullish structure suggest scope for break here to extend the underlying bull trend from the September 2022 year low. Clearance will see room to target 1.3645, February 2022 high. Higher still, will see scope for extension to the 1.3700 congestion and 1.3750, January 2022 year high. Meanwhile, support is raised to the 1.3500 congestion which should now underpin. Only break below this and support at the 1.3455/1.3435 area will fade the upside pressure and turn focus lower.